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's economic advisers and ed lazear former economic adviser to president jor george w. bush. >>> morgan stanley is planning to cut more jobs and slash bonuseses. james gorman tells "the financial times" those are the sacrifices necessary to boost profits and shareholder value. he's sympathetic to the view that this industry is still overpaid. >>> samsung is reporting quarterly profit a record $7.3 billion, nearly double last year's figure. analysts expect the current quarter to be difficult as samsung spends more on marketing as it escalates its fight with apple. >>> and dozens of lawsuits have been filed against facebook, the nasdaq and various ipo underwriters and they're going to be centralized today before a federal judge in new york. facebook requested the transfer. investors argue they lost money due to nasdaq technical glitches, they accused facebook of selectively disclosing on flattering information about its business prospects to analysts who shared that privilege with certain select investors. let's get a check on markets this morning, u.s. equity futures have improved, this is a mor
the debates against george w. bush. he had a reputation as a strong debater. his body language was off, he was condescending to bush. bush was surprisingly well performed and personable. you had the bush campaign take advantage of some mistakes that gore made in the debate. and they really drove a story. cheney beat lieberman in the vice presidential debates. all those things came together and political scientists call it a wave effect. cause out with bush ahead a few points. >> couldn't you just say for an idiot, he was surprisingly well inform informed in say what you're feeling. >> i've never thought bush was an idiot. >> why would you say surprisingly well informed? he was governor for -- he had a higher grade point average than al gore. >> because bush had a reputation -- >> with who? >> among people who cover him and among-mf. >> the media, you mean? >> a significant portion of the american people. >> i'm playing with you. i read what you tweeted, that you're ready for some debating with morning joe and at squawk. so you know this is fun, this what -- and i know exactly what you're s
critical. there have been strong debates, john kerry had a strong debate against george w. bush in 2004. but he wasn't able to translate that into lasting benefit. that's the best of the next three weeks, to see whether romney can keep it going or whether president obama comes out with a higher level of aggression, higher level of energy in the next debate and stop the momentum that romney accumulated last night. >> okay. yeah, i had so many different thoughts, john, as we watched the whole thing. i remember that a lot of republicans were supporting newt gingrich because just for this moment, they wanted -- they thought newt was such a great debater, they wanted to see someone like newt talk to president obama about his policies and about the last four years. and they thought newt would have been the guy to do it. and i don't think that the republicans now feel like they lost a step by having romney there. and in watching, i've tried to sometimes espouse free market principles, private sector language about how to approach certain things. and i got to tell you, there were a couple times
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